I will probably won't be posting a trade today. Even though I do see some opportunities, I wouldn't be able to do the follow-up in the next few days: Monday is July 4th and US equity Markets are closed, and tomorrow is ISM PMI, a perfect reason to prolong the week-end unless you enjoy wild moves at the end of your week when you are most tired while the sun is shining and calling you from outside...
Hence July 4th week-end will be marking the beginning of the Blog Holiday. I will be back after the US Labor Day week-end, either Tuesday 6th or Monday 12th of September.
Here are some of my Market views as of the moment of writing (not written in stone):
- equity Markets along €/$ should be retesting their lows from Brexit in next few days, and I think some decent stop hunting is in the pipeline. Nonetheless, this should provide a buying opportunity, especially for longer term investors, since it seems to me this Market can NOT go down... It has taken too much Draghi-ine, and is under strong injection of Yell-oine... Probable higher target on CAC40 for late 2016 / 2017: 5200.
- Gold won't recover from 1350$ test, as this level should attract some serious longer term sellers, targeting a low on Gold of around 1000/900$, maybe for this summer or September.
Enjoy your summer.